Taiwan to implement 0.5% sulphur cap from 1 January 2019
The IMO's global sulphur limit of 0.5% will come into force from 1 January, 2019.
Taiwan's Ministry of Transportation and Communications (MOTC) has however announced that Taiwan will start implementing this limit a year early. Therefore, as from 1 January 2019, all foreign ships entering Taiwan's international ports and domestic ships sailing on international routes must use fuel oil containing 0.5% m/m or less of sulphur. To incentivise ships to switch to low-sulphur fuel even earlier, the MOTC is offering as from 1 February 2018 to the end of the year a subsidy starting NT$5,000 (approximately US$172) to ships entering Taiwanese ports that have made the change to lower-sulphur fuel, i.e. even before the implementation date of 1 January 2019.
If Members have any questions on the above, please do not hesitate to approach your usual Club contacts who will be happy to assist with all enquiries.
You may also be interested in:
The Electronic Trade Documents Bill
02/06/2023
We are living in a digital age where information can be transmitted instantaneously and yet progress towards a fully digitalised international trade remains slow
Circular 07/23: Open Policy Years
31/05/2023
This circular informs Members of the review of open policy years.
The UK P&I Club continues to grow its premium base, through its diversification agenda, while increasing its regulatory capital adequacy ratio to 200%.
Green Shipping - Transitional Fuels
17/05/2023
It's safe to say that the maritime industry's choice of fuel will be one of the most significant drivers in its efforts to decarbonise shipping